Advanced Micro Devices (NASDAQ:AMD) Shares Down 1.6%

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares dropped 1.6% during trading on Wednesday . The stock traded as low as $160.62 and last traded at $160.85. Approximately 15,524,256 shares traded hands during trading, a decline of 79% from the average daily volume of 74,127,133 shares. The stock had previously closed at $163.46.

Analyst Upgrades and Downgrades

AMD has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Finally, TD Cowen boosted their target price on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $185.15.

Advanced Micro Devices Stock Down 3.8 %

The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock’s 50-day simple moving average is $180.78 and its 200-day simple moving average is $148.19. The firm has a market capitalization of $254.23 billion, a P/E ratio of 309.33, a P/E/G ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. Insiders sold 324,943 shares of company stock valued at $59,919,994 in the last three months. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently made changes to their positions in the stock. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter worth $27,000. Castleview Partners LLC grew its holdings in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. O Dell Group LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth $27,000. Finally, Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.